Florida law requires a license for almost every kind of lending activity or financial transactions offered to the general public. Offering mortgages to the general public requires a mortgage lenders or mortgage broker license. Making retail installment loans, motor vehicle sales finance, and home improvement finance, check cashing, funds transmission, and foreign currency exchange all require specific licenses.
We have experience in assisting with applications to obtain these licenses, advising client concerning compliance with the statutes after licensure, and working with the Division of Finance when regulatory issues arise as a result of an examination or customer complaint.